Why choose a balance transfer?

If you carry balances on multiple cards or high-interest accounts, a balance transfer can be one of the fastest ways to reduce what you pay in interest. By consolidating debt onto a single card with a lower or introductory 0% APR, more of your monthly payment goes toward principal instead of interest—helping you become debt-free sooner.

Key benefits of the Old National Bank Balance Transfer Credit Card

• Introductory savings: Take advantage of a competitive introductory rate on transferred balances for a generous period, giving you breathing room to pay down debt faster.
• Low or waived transfer fee: Enjoy a low fixed transfer fee or promotional fee waiver on qualifying transfers during the introductory period.
• No annual fee: Focus on paying down debt, not on covering ongoing card ownership costs.
• Single monthly payment: Consolidate multiple balances into one easy-to-manage payment, simplifying budgeting and tracking.
• Online account management: Manage transfers, set up automatic payments, and view statements through a secure online portal and mobile app.
• Fraud monitoring and protection: Built-in security features help guard against unauthorized charges and provide peace of mind.
• Flexible repayment tools: Use payment reminders, autopay, and customizable alerts to stay on track toward your payoff goals.

How a balance transfer works

1. Apply: Submit an application for the Old National Bank Balance Transfer Credit Card and, if approved, receive your new account details.
2. Request transfers: Specify the accounts and amounts you want to transfer. We’ll handle the payment to your other creditors.
3. Enjoy the intro rate: Transferred balances qualify for the promotional rate for the introductory period, allowing faster reduction of principal.
4. Make targeted payments: Pay at least the minimum due each month and consider allocating extra funds toward the transferred balance while the intro rate applies.
5. Monitor progress: Track reduced balances and updated payoff timelines using the online account tools.

Example scenario

Imagine you have several card balances with high interest. By transferring those balances to the Old National Bank Balance Transfer Credit Card and taking advantage of the introductory rate, your monthly payments can be redirected to reduce principal instead of interest. Even modest increases to your monthly payment during the promotional window can significantly shorten the time it takes to clear the debt and save on total interest paid.

Important features and protections

• Transparent terms: Clear disclosures about promotional length, back-to-standard APR timing, and any balance transfer fees so you can plan confidently.
• Responsible credit use tools: Budgeting resources and educational content help build healthier financial habits and avoid recurring debt cycles.
• Fraud and dispute assistance: Dedicated support for reporting suspicious activity and resolving billing disputes quickly.
• Chip and contactless technology: Modern card security and convenience for everyday purchases after your balance is managed.

Who benefits most from this card?

This card is an excellent option for cardholders who:

• Have outstanding high-interest credit card balances and want to consolidate for savings.
• Are disciplined about making payments and want a defined period to accelerate payoff efforts.
• Prefer a simple, single monthly bill instead of tracking multiple due dates and rates.
• Seek low or no annual fees paired with practical online account tools.

Tips to maximize your savings

• Transfer early: Move balances as soon as you're approved to benefit from the full introductory period.
• Create a payoff plan: Divide the transferred balance by the number of months in the promotional window to determine a target monthly payment that will clear the debt before the standard rate returns.
• Avoid new high-interest purchases: Consider using a separate, responsible payment method while you focus on paying down the transferred balance.
• Set automatic payments: Prevent late payments and potential penalties that could jeopardize your promotional rate by scheduling automatic payments.
• Monitor statement credits: Verify that transfers post correctly and adjust your payoff strategy as needed.

Application and eligibility

The Old National Bank Balance Transfer Credit Card is available to qualified applicants. Credit terms, introductory offers, transfer fees, and ongoing APRs vary based on creditworthiness and other factors. For full details about current offers, eligibility criteria, and terms, review the disclosure information provided during the application process.